Registration number: NI051642

Hamac Trading Company Limited

(Registration number: NI051642)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	-
Tangible assets	5	64,575	22,685
		64,575	22,685
Current assets
Stocks	6	833,500	812,900
Debtors	7	232,320	156,335
Cash at bank and in hand		786,505	2,592,566
		1,852,325	3,561,801
Creditors: due within one year	8	(786,172)	(822,866)
Net current assets		1,066,153	2,738,935
Total assets less current liabilities		1,130,728	2,761,620
Creditors: due after more than one year	10	(18,850)	(4,790)
Provisions for liabilities		(15,389)	(4,750)
Net assets		1,096,489	2,752,080
Capital and reserves
Called up share capital	11	100	100
Retained earnings		1,096,389	2,751,980
Shareholders' funds		1,096,489	2,752,080

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Hamac Trading Company Limited

(Registration number: NI051642)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 2 September 2026 and signed on its behalf by:
 

.........................................

Mr Brian Hamilton

Director

Hamac Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
29 Church Road
Ballymena
Co Antrim
BT42 3EQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue at the point of supply when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Hamac Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% straight line
Plant and equipment	20% straight line

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account under operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Hamac Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 16).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	8,350	8,350
At 31 December 2025	8,350	8,350
Amortisation
At 1 January 2025	8,350	8,350
At 31 December 2025	8,350	8,350
Carrying amount
At 31 December 2025	-	-

Hamac Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Motor vehicles  £	Plant & equipment £	Total £
Cost or valuation
At 1 January 2025	46,375	343,307	389,682
Additions	42,680	25,567	68,247
At 31 December 2025	89,055	368,874	457,929
Depreciation
At 1 January 2025	46,375	320,622	366,997
Charge for the year	8,536	17,821	26,357
At 31 December 2025	54,911	338,443	393,354
Carrying amount
At 31 December 2025	34,144	30,431	64,575
At 31 December 2024	-	22,685	22,685

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	833,500	812,900

7

Debtors

	2025 £	2024 £
Trade debtors	108,528	64,296
Prepayments	68,330	47,891
Other debtors	55,462	44,148
	232,320	156,335

Hamac Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Creditors: due within one year

	2025 £	2024 £
Loans and borrowings	17,313	9,890
Trade creditors	452,277	447,189
Taxation and social security	238,893	284,222
Accruals and deferred income	16,819	10,879
Other creditors	60,870	70,686
	786,172	822,866

10	Creditors: due after more than one year

	2025 £	2024 £
Bank borrowings	-	4,790
Other borrowings	18,850	-
	18,850	4,790

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

12	Related party transactions

The Company has taken advantage of exemption, under the terms of FRS 102, not to disclose related party transactions with wholly owned subsidiaries within the Group.
 

13	Parent and ultimate parent undertaking

The company's immediate parent is Hamac Holdings Limited, incorporated in Northern Ireland.